 | Assessment Collection | |
| Monthly assessment collection and special assessment collection |
| Receive, record and deposit funds |
| Late notices, delinquency follow-up, including applying late fees and interest charges |
| Attorney notification for issuance of 'Intent to Sue' letters on delinquent accounts |
| Attorney notification for liens to be filed |
| Monthly delinquency listing provided for Board of Directors |
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 | Accounts Payable | |
| Receive and review all invoices |
| Produce and mail timely check payments |
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 | Accounting | |
| Computerized monthly reports generated for Board of Directors including: income statement, check register, and balance statement |
| Monthly reconciliation of bank statement and check register |
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 | Budget Preparation | |
| Develop budget in cooperation with Board of Directors |
| Provide recommendations for budget modifications as needed |
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 | Reserve Account | |
| Assist with selection of engineering or accounting firm to conduct reserve study |
| Provide needed assistance in completion of reserve study |